14 February 2013

Uganda: Nation to Host Energy, Infrastructure Summit

Uganda will on Feb. 21 expose the investment opportunities in energy and infrastructure at a summit to be held the Kampala Sheraton Hotel.

The summit is facilitated by American Chamber of Commerce Uganda, Uganda Investment Authority, Umeme, the Uganda National Chamber of Commerce and Industry, Uganda Chamber of Mines and Petroleum among others.

Kelly Mac Tavish-Mungar from the American Chamber of Commerce Uganda told a press conference on Feb. 14 in Kampala that the summit will see the public sector discuss the enabling policy environment geared towards bridging the gaps currently seen in the sector.

Mungar said there is an infrastructure gap in Uganda where investors can sink money and befit in the long term and benefit the community. She said with prospects of oil production in the East Africa's third largest economy uncountable opportunities for investors are being seen.

"When businesses are successful Ugandans will be prosperous," she said.

It is said that Uganda will need $10bn for infrastructure growth to prepare the country for commercial oil production.

The one day summit will be attended by government bodies, the private sector and international companies.

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